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and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely because of the extension of lower tax rates for almost all americans. 330 billion dollars of it is also an increase in spending, an increase in spending, more, more spending. plus, congress packed in some special gifts for the railroads, the car racing business, and some friends in hollywood who have some deep pockets. chris is our host of power play on foxnews.com live. happy new year! >> happy new year to you, merry cliff-mass. >> megyn: we went off the cliff and we're kind of off it, but moved the cliff and the cliff is in a weird place. postponed part of it. in any event, there's big tax hikes for the rich and hikes for everyone, 77% of americans. and there's more spending, there's 4 trillion more going into the deficit. i mean, i don't k
that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environment of things as this is a congress that the president wants to undertake other issues like immigration reform and gun violence, and you can see how it even maybe has a pleefover effect as they try to get their bu
be signed into law because the senate would not do that bill. in so doing, they took up valuable time from other legislative priorities and cbs news reports that these votes to consistently always trying to repeal health care, those votes, mr. speaker, cost the american taxpayer almost $50 million. for over a year and a half and unproductive governing failed to provide solutions to the american people and coming out of the november elections, our mandate was clear. the american people demanded an end to the political theater and the dangerous legislative games. they demanded that we finally get to work and solve the looming fiscal cliff in a balanced, responsible and bipartisan way. in the middle of last july all other members sent a letter to the speaker asking that we begin in july to find a solution to the fiscal cliff and sequestration. we call for a bipartisan approach and something we could get finished before the august recess so that we could spare the americans and other people in the world and financial markets the worry that we have put them through. we got our answer tonight. s
about having had cancer themselves. kirtland changing experience. outpouring of law only understanding when compassion but these people bring their personal stories on his face would. and were you can fit information in a small space. 10 years ago the only choice was to send a press release and pray that everyone understood and instead i engaged in one of the most touching, deep interaction with my fan base people are saying i am sitting on the subway crying while reading your twitter feet. -- feed. there is a constant conversation. we could talk about this for hours. >> you end up with more faith in your fellow man. >> so much about this is everyone is able to share the possibility of that connection. >> the number of things we have to pay attention to has increased exponentially. >> you are on the train, you keep a rock star schedule. just keeping up with all these things wears me out. i am going to throw my phone in the leg. >> in the early days, people would say i do not have time for this, have more important work. i would say these things might -- save effort. it has changed the
republican supported it. but we passed it. president clinton signed it into law, and guess what happened? the economy took off. unemployment came down. the economy started going. and we were paying down the deficit. we had three straight years or four of surpluses. c.b.o. said if we continued on that way, we would pay off the national debt by 2010. well, then george bush came into office, they looked at all the surpluses out there and said guess what? we've got to take some of that and give it back in tax cuts, and that's what they did. now that's what's ending tonight. that's what ends tonight, are those bush tax cuts. so we go back to the tax system that we had under bill clinton. i ask, what's so bad about that? it worked pretty darned well. the economy was going well. we were paying down the deficit. things were going well under bill clinton, under that tax system, and that's what we'll go back to tomorrow. what's so bad about that? well, what's happened is in the last ten years a lot of people have gotten very rich in this country. very rich. and now they want to protect their wealt
defence everything and every value we stand for. freedom, human rights, rule of law, women rights, everything. last word. if you believe to the international prayer and the new books, i am the only -- the only one in the world who is taking part in operations. two were very successful. [applause] two were very successful and spared the world of nuclear weapons in the hands of dictators. the proliferation campaign, the international community must take care of. [applause] we look at all of us. [inaudible] [applause] >> there you see on display the discipline of an i.d.f. officer who always completes his mission. [laughter] regardless of the casualties. fareed zakaria, you're up next. final opening statement. >> thank you so much. i really understand the position of the opposing team. i understand the fear. i understand the danger. i understand the challenge. let me put this in some historical perspective. after the cold war the united states was the only country in the world with nuclear weapons and then the soviet union acquired a nuclear weapon. and there were many people who fel
or not they should pay the bills that they have already remarked up through the laws they passed. i let me repeat. we can't not pay bills that we already incurred. if congress rethe united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. bill: what about all that? and are we really just warming up the, well, the dogs in the cage? alan colmes, host of alan colmes radio show, tucker carlson editor of "the daily caller" and fox news contributor. great to have you both on. >> happy new year. bill: happy new year to both of you. i don't know, tucker, i guess if you thought this fiscal deal was a big matter, buckle up. >> well the president says he won't debate it. he will debate it. this will be a debate. nobody argues a debate over the fiscal cliff is the best way to cut spending but there is no other way. it is not a republican talking point to say the debt is out of the control. at end of the bush administration the debt equaled 65% of the gdp we're now over 115% of gdp our debt i
Search Results 0 to 6 of about 7